US NGL production rose in July

OREANDA-NEWS. August 28, 2015. US NGL production from gas processing plants rose to an estimated 3.7mn b/d in July from 3.5mn b/d in June, according to the US Energy Information Administration's (EIA) Monthly Energy Review.

According to the agency's analysis, new well production is not keeping pace with declines in legacy well production. Still, the EIA predicts long-term increases in NGL production from the Marcellus, Utica, and Eagle Ford shale formations.

So far this year NGL production stands at record levels. Year-to-date NGL production from gas processing plants averaged 3.3mn b/d so far in 2015, up sharply from 2.9mn b/d during the first seven months of 2014.